Sentences with phrase «death benefit to the beneficiary of»

This would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

The insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

There would also be a death benefit to her beneficiaries of approximately $ 87,000 created from the life insurance component of this account.

If you die while your policy is in force, the insurer will pay out a death benefit to the beneficiary of your choice.

There would also be a death benefit to her beneficiaries of approximately $ 87,000 created from the life insurance component of this account.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

Voya Indexed Universal Life - Protector (Voya IUL - Protector) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance needs.

Both provide a death benefit to the beneficiaries of the insured.

Voya Indexed Universal Life - Accumulator (Voya IUL - Accumulator) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet your life insurance needs.

Voya Indexed Universal Life — Protector NY (Voya IUL - Protector NY) is a flexible premium adjustable universal life insurance policy that offers a death benefit to the beneficiaries of the policy and may be purchased to meet life insurance needs.

You agree to pay the insurance company «premiums» on a regular basis (usually monthly) and in return, the insurance company agrees to pay the death benefit to the beneficiary of your insurance policy upon your death.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's death.

Most variable annuity contracts offer a death benefit to the beneficiary of the policy if the policyholder or annuitant were to die.

Like any life insurance policy, an annual renewable term plan will provide a death benefit to a beneficiary of your choice if something fatal happens to you.

The insurance company pays a specified amount of money / death benefit to the beneficiary of the insurance policy owner upon his death, as stated earlier in the policy agreement.

The company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

Under this option, the policy provides a lump - sum benefit as the death benefit to the beneficiary of the policy, in case of demise of the insured person.

A life insurance policy in the state of Ohio is a legal contract that states that you (the insured) will pay a life insurance company a premium and the life insurance company will pay a death benefit to a beneficiary of your choice.

As the name suggests, a death benefit only life insurance plans or DBO plans offer a death benefit to the beneficiaries of a current employee in case of their death.

This would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

Indexed universal life insurance provides death benefits to the beneficiaries of the IUL owners.

Not exact matches

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

If you were to die before paying back your policy loan, the loan balance plus interest accrued is taken out of the death benefit given to your beneficiaries.

Death benefits payable directly to beneficiaries, avoiding the delays and costs of probate court.

If you die, but not because of an accident (e.g. cancer), within the first two years, the death benefit will not be paid out, however, all your paid premiums plus a little interest will be paid to your beneficiaries.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

In both examples, term life insurance would provide an ample death benefit to the beneficiaries at a much lower cost than permanent life insurance, which may not be within the financial reach of these buyers.

The basic features of variable annuities include tax - deferred growth, 1 choice of professionally managed investments, optional benefits (available at an additional charge), that can help protect your investment from market declines, 2 choice of payout options and a death benefit to help you provide for your beneficiaries.3

That means, if you were to die before the end of the term, your beneficiaries would receive the death benefit.

CT lung cancer screening is deemed an Essential Health Benefit, covered by many private health insurers, while Medicare beneficiaries have lesser access to these exams and increased risk of lung cancer death due to lack of coverage.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

If your beneficiary chooses to receive the death benefit as an annuity, that means he or she wants to divide up the payments across a number of years of his or her choosing.

If you're the beneficiary of a life insurance policy, you should speak with a certified financial planner who should be able to help you determine whether you'd benefit from converting the life insurance death benefit into an annuity.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

When the policyholder dies, it's frequently the burden of the beneficiary to provide proof of death and file a claim for the death benefit.

Thanks to «the slayer rule», when you're «south of heaven» and your life insurance beneficiary is the one who put you there, most states show no mercy if there's a preponderance of evidence against the person trying to claim the death benefit.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

In case of death before retirement, your policy will pay a benefit to the beneficiary — in most cases, the spouse or children.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

It'll have all the information you need: the name of the beneficiary, the number at which to contact the life insurance company, and the amount of the death benefit.

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficDeath benefit is paid in event of death of the life insured by the company to the beneficdeath of the life insured by the company to the beneficiary.

If you pass away during this period of time, the insurer wouldn't pay the full death benefit to your beneficiary.

The death benefit for both term and permanent life insurance is paid to your beneficiaries free of income tax.

Life insurance policies have a variety of tax benefits, such as the death benefit paid to beneficiaries being free of income tax.

In addition, if you pass away during the first 2 years of coverage due to a non-accident, your beneficiary won't receive the full death benefit.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

With most term life insurance policies, the death benefit — the portion of money that's paid out to beneficiaries — works the same way.